Committee on Economic, Capital and Technology Development - 2026-05-11
Meeting Intelligence Preview
Meeting Summary
The Committee on Economic, Capital and Technology Development advanced an ordinance granting a Class 7B property tax incentive (12-year abatement of ~$54.7 million) to the United Center Joint Venture for Phase 1 of the $7 billion '1901 Project' at 1931-1935 W Madison Street in th…
Key Decisions (6)
SSA appointments (items 1,3,4,5,6,7)
Hold appointment of Andrew Rizzo (SSA 17 item 2)
Class 7B tax incentive for 1901 Project Phase 1
Development Activity (1)
1901 Project Phase 1
Mixed-Use
Market Signals (4)
Commercial Demand
A $7 billion mixed-use master development around the United Center…
Infrastructure
The Damon Green Line Station opening is cited as enabling…
Sentiment
Multiple aldermen and labor/community speakers expressed strong support for union…
Commercial Demand
City is exploring monetizing public-way assets (digital wayfinding kiosks) for…
Who Spoke (20)
On the record: the chair, 9 councilmembers, a staff member, the clerk, 2 attorneys, 2 applicants, the applicant's representative, and 3 members of the public.
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